For Sale
$1,200,000

102 Hemlock HlMontague, NJ 07827

8-Unit Multifamily, High Point Country Club

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents an eight-unit apartment building located at 102 Hemlock Hill, Montague, NJ 07827, situated in the desirable High Point Country Club area. The property, built in 1973, is a two-story building offering a total of eight one-bedroom, one-bathroom units. Currently fully occupied, this Class D multifamily property boasts a strong 8% capitalization rate and an asking price of $1,200,000, translating to $150,000 per unit. The building features ample parking with 16 spaces available for residents. All lease agreements are in place with verifiable monthly payments, providing a consistent income stream. The property utilizes public water and a semi-public sewer system. This is a turnkey investment, ideal for an investor seeking a stable and profitable addition to their portfolio. The property's location within High Point Country Club offers a desirable residential setting. Further details are available upon request.

Highlights

  • Eight-unit apartment building in desirable High Point Country Club area of Montague, NJ.
  • Built in 1973, this two-story building features eight one-bedroom, one-bathroom units.
  • Currently 100% occupied, generating an 8% capitalization rate.
  • Asking price: $1,200,000 ($150,000 per unit).
  • Ample parking (16 spaces) and all leases in place with verifiable income.
  • Public water and semi-public sewer.

Property Details for 102 Hemlock Hl

Property type
Apartment buildings
Class
D
Year Built
1973
Buildings
1
Stories
2
Units
8

Location Insight

City
Montague
County
Sussex
State
New Jersey
Latitude
41.3014796
Longitude
-74.759323
102 Hemlock Hl, Montague, New Jersey

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102 Hemlock Hl
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